Share
In recent years, some underwater owners have opted to rent their property to avoid the loss of equity and/or impact on credit of a short-sale. With prices rising, these “accidental landlords” are now in a better position to sell their rental properties. Although construction of new homes will make the biggest dent on easing the inventory crunch, the sale of these properties can help to bring additional properties to the market. Based on information presented in the July RCI survey, 21 percent of REALTORS® reporting working with an “accidental landlord” to sell their rental property.
[Source: July REALTORS® Confidence Index]
Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.